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FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
JACOBSON MICHAEL R
(Last)(First)(Middle)
C/O EBAY INC., 2145 HAMILTON AVE
(Street)
SAN JOSECA95125
(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
EBAY INC [EBAY]		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Legal Affairs, GC & Sec
3. Date of Earliest Transaction (Month/Day/Year)
09/11/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code
(Instr. 8)		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock         409,693 D  
Common Stock         55,858 I by Partnership

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date
(Month/Day/Year)		7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 31.93 09/11/2009 D   148,800  (1)03/01/2014 Common Stock 148,800 (2) 0 D  
Non-Qualified Stock Option (right to buy) $ 34.615 09/11/2009 D   250,000  (3)03/01/2014 Common Stock 250,000 (4) 0 D  
Non-Qualified Stock Option (right to buy) $ 39.9 09/11/2009 D   110,000  (5)03/01/2013 Common Stock 110,000 (6) 0 D  
Non-Qualified Stock Option (right to buy) $ 42.58 09/11/2009 D   140,000  (7)03/01/2015 Common Stock 140,000 (8) 0 D  
Restricted Stock Units -3 (9) 09/11/2009 A  48,888   (10) (11) Common Stock 48,888 $ 0 48,888 D  
Restricted Stock Units -4 (9) 09/11/2009 A  8,148   (12) (11) Common Stock 8,148 $ 0 8,148 D  
Restricted Stock Units -5 (9) 09/11/2009 A  22,892   (13) (11) Common Stock 22,892 $ 0 22,892 D  
Non-Qualified Stock Option (right to buy) $ 10.0157        (14)01/12/2011 Common Stock 1,120,136   1,120,136 D  
Non-Qualified Stock Option (right to buy) $ 10.5        (15)03/02/2016 Common Stock 91,250   91,250 D  
Non-Qualified Stock Option (right to buy) $ 14.5125        (16)02/12/2012 Common Stock 500,000   500,000 D  
Non-Qualified Stock Option (right to buy) $ 19.3875        (17)03/03/2013 Common Stock 500,000   500,000 D  
Non-Qualified Stock Option (right to buy) $ 25.85        (18)03/03/2015 Common Stock 91,250   91,250 D  
Restricted Stock Units (RSUs) (9)        (19) (11) Common Stock 83,333   83,333 D  
Restricted Stock Units -2 (9)        (20) (11) Common Stock 66,000   66,000 D  
Explanation of Responses:
1. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/07 and 1/48th per month thereafter.
2. On September 11, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on March 1, 2007. In exchange for the option, the reporting person received 22,892 restricted stock units. See also footnotes 14 and 20.
3. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/04 and 1/48th per month thereafter.
4. On September 11, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on March 1, 2004. In exchange for the option, the reporting person received 33,333 restricted stock units. See also footnotes 14 and 18.
5. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/06 and 1/48th per month thereafter.
6. On September 11, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on March 1, 2006. In exchange for the option, the reporting person received 8,148 restricted stock units. See also footnotes 14 and 19.
7. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/05 and 1/48th per month thereafter.
8. On September 11, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on March 1, 2005. In exchange for the option, the reporting person received 15,555 restricted stock units. See also footnotes 14 and 18.
9. Each restricted stock unit represents a contingent right to receive one share of eBay's common stock.
10. Upon surrender of the options reference in footnotes 9 and 13, the reporting person received 48,888 restricted stock units vesting 100% on 9/11/10 . Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
11. Not Applicable.
12. Upon surrender of the option reference in footnote 11, the reporting person received 8,148 restricted stock units subject to a two-year vesting schedule, vesting 50% on 9/11/10 and 50% on 9/11/11. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
13. Upon surrender of the option reference in footnote 7, the reporting person received 22,892 restricted stock units subject to a three-year vesting schedule, vesting 33.34% on 9/11/10, 33.33% on 9/11/11 and 33.33% on 9/11/12. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
14. The option becomes exercisable beginning 09/24/02 and 1/48 per month thereafter over four years.
15. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/09 and 1/48th per month thereafter.
16. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 8/12/02 and 1/48th per month thereafter.
17. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/01/03 and 1/48th per month thereafter.
18. The option grant is subject to a four-year vesting schedule, vesting 12.5% on 9/1/08 and 1/48th per month thereafter.
19. The reporting person received restricted stock units of 125,000 shares subject to a three-year vesting schedule, vesting 1/3 on 3/1/09 and 1/3 annually thereafter.
20. The reporting person received 66,000 restricted stock units subject to a four-year vesting schedule, vesting 25% on 3/1/10 and 25% each year thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
 
Remarks:
Mr. Jacobson is not a named executive officer of the issuer, and as a result, was eligible to participate in the issuer's option exchange program.
Michael Richard Jacobson09/15/2009
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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